XAUUSD Price Analysis | Bearish Reversal in Progress

Gold has sharply broken down from the upper boundary of a well-respected parallel channel, hinting at a potential trend reversal.

🔎 Technical Breakdown:

Strong rejection at ~$3,440 resistance zone

Break in market structure = early signs of bearish momentum

Support 1: $3,300 – key short-term zone

Support 2: $3,250 – major confluence level

If price fails to hold above $3,300, a continuation toward $3,250 looks likely in the coming sessions.

📊 Trade Setup
Bias: Bearish
Entry Zone: On pullbacks below $3,390
TP1: $3,300
TP2: $3,250
SL: Above $3,420 (recent swing high)

⚠ Watchlist Dates:
🗓 June 18 – FOMC Meeting (high impact)

💬 What’s your outlook? Will gold hold $3,300 or are bears in control? Let’s discuss below!

#Gold #XAUUSD #PriceAction #TradingView #TechnicalAnalysis #Forex #FOMC #MarketOutlook

James-Pipstr

🔥Join Telegram Channel For Free
t.me/Jamespipster

📢Join my telegram channel daily free signals VIP group available daily signals 2/3 confirm join VIP group accuracy 85%

🔥Join Telegram Channel For Free
t.me/Jamespipster

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

James-Pipstr

Also on: